Neutral
Cosmos Hub resumes after 25-hour halt; $2.1 million in ATOM moved
The Cosmos Hub network resumed block production after a 25-hour suspension due to a governance attack on the Neutron blockchain. Following the restart, 1,227,121 ATOM tokens, valued at approximately $2.1 million, were transferred from a wallet associated with the attacker to a new address. The Cosmos Hub itself was not directly exploited; the affected ATOM originated from Neutron, and validators halted the network to prevent further unauthorized transfers.
Key points
- Cosmos Hub validators halted the network for nearly 25 hours to address a governance attack on Neutron.
- After resuming, 1,227,121 ATOM tokens were moved from the attacker's wallet to a new address.
- The Cosmos Hub was not directly exploited; the affected ATOM originated from Neutron.
- Validators halted the network to prevent unauthorized transfers of the affected ATOM.
Sources
AI-generated from public news sources. Not financial advice.
